Tag: Department of Labor (DOL)

The suit alleges a law firm president and owner caused the company’s retirement plan to loan thousands of dollars to real estate deals he controlled.

The DOL alleged that James Brunk and Brunk Industries Inc. failed to collect prevailing wage employer contributions for the employees’ 401(k) plan provided by government contracts for work...

More than half of advisers polled think the DOL regulation will help their businesses by levelling the playing field on retirement advice and eliminating competition.

A lawsuit filed by the Labor Department in 2015 alleged City National Corp.'s payments to its own staff to administer its 401(k) led to excessive fees for plan...

Senators are concerned that advisers won't work with smaller accounts because of new legal liabilities associated with the fiduciary rule. 

The agency is offering its “Getting It Right – Know Your Fiduciary Responsibilities” seminar in five locations.

An attorney says the final fiduciary rule has addressed most concerns, particularly when it comes to education.

The changes are designed to reflect the DOL’s new fiduciary regulations.

A trustee to a profit sharing plan offered by a New Jersey-based marketing firm is accused of abandoning his responsibilities to the plan and its participants. 

Even with some significant softening by the Department of Labor and a more workable ‘best interest contract’ exemption, the new fiduciary rule is sure to drive more level-fee...

More than a few industry insiders and analysts have tipped their hats to DOL and Labor Secretary Perez for listening carefully to criticism and reshaping some of the...

ERISA experts warn that it will take some time to judge the final fiduciary rule published by the DOL, given the serious length and complexity of the rulemaking...

However, a few industry groups are still expressing concerns.

Some of the biggest financial services firms and advocacy groups have registered their initial impressions of the Department of Labor’s final fiduciary rule, including FSI, TIAA, FPC and...

Labor Secretary Thomas Perez stressed to reporters that changes made to the proposed version of the regulations will make the final fiduciary standard broader and stronger, “but absolutely...